The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel ...

Azerbaijan’s industrial production reached 26 billion manat in January-May 2025, decreasing by 1.6 percent compared to last ...

Azerbaijan’s foreign trade turnover hit $16.42 billion in January-April 2025, with exports at $8.29 billion and imports at $8 ...

About 21mn barrels of oil from Iran, Iraq, Kuwait, Saudi Arabia, Qatar and the United Arab Emirates pass daily through the narrow waterway separating the Islamic republic from the Gulf states, ...

Oil prices are expected to remain capped below $80 per barrel despite the escalating conflict between Israel and Iran, according to Rystad Energy, with a potential US stabilizing role and the unlikely ...

The intensifying conflict between Israel and Iran has led to tanker owners halting offers for Middle East oil routes, causing ...

While there has been no impact so far on Iran’s oil exports, the escalation of the conflict to energy infrastructure is likely to worry investors. The concern is that Iran may retaliate either by ...

The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. Read more at The Business Times.

Iran is one of the world's major producers of oil, though sanctions by Western countries have limited its sales. If a wider ...

News of Israel’s attacks caused oil prices to climb, amid concerns that Tehran might retaliate by closing the Strait of ...

Oil prices surged nearly 9% following Israeli strikes against Iran, sparking fears of disrupted Middle East oil supplies. Brent crude and U.S. West Texas Intermediate crude both reached their highest ...

Market watchers believe a full-scale disruption of global oil flows by closing the waterway is unlikely, and might even be ...